NADIM: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
NADIM
Largest movements
- Receivables within one year +€27,656
new in 2025: €27,656
of which Trade receivables: +€27,000
- Cash -€7,362
down €7,362 (-96.8%), from €7,607 to €245
- Other debts +€12,384
up €12,384 (+7.6%), from €163,050 to €175,434
- Profit (loss) carried forward +€3,277
up €3,277 (+1.5%), from -€218,270 to -€214,993
- Short-term financial debts +€2,343
up €2,343 (+19.1%), from €12,248 to €14,590
- Trade debts +€1,963
up €1,963 (+21.9%), from €8,944 to €10,907
- Tax, wage and social debts +€327
up €327 (+1.4%), from €23,826 to €24,153
of which Remuneration and social security: +€690
- Other operating charges -€12,780
down €12,780 (-15.3%), from €83,427 to €70,647
- Gross operating margin +€1,538
up €1,538 (+2.2%), from €71,125 to €72,663
From the 2023 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €8,398 | €28,691 | +€20,294 | +241.7% |
| Fixed assets | 21/28 | €790 | €790 | = | 0.0% |
| Financial fixed assets | 28 | €790 | €790 | = | 0.0% |
| Current assets | 29/58 | €7,607 | €27,901 | +€20,294 | +266.8% |
| Amounts receivable within one year | 40/41 | - | €27,656 | +€27,656 | |
| Trade receivables | 40 | - | €27,000 | +€27,000 | |
| Other amounts receivable | 41 | - | €656 | +€656 | |
| Cash at bank and in hand | 54/58 | €7,607 | €245 | -€7,362 | -96.8% |
| Total equity and liabilities | 10/49 | €8,398 | €28,691 | +€20,294 | +241.7% |
| Equity | 10/15 | -€199,670 | -€196,393 | +€3,277 | +1.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Capital | 10 | €18,600 | €18,600 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€218,270 | -€214,993 | +€3,277 | +1.5% |
| Amounts payable | 17/49 | €208,068 | €225,085 | +€17,017 | +8.2% |
| Amounts payable within one year | 42/48 | €208,068 | €225,085 | +€17,017 | +8.2% |
| Financial debts | 43 | €12,248 | €14,590 | +€2,343 | +19.1% |
| Credit institutions | 430/8 | €12,248 | €14,590 | +€2,343 | +19.1% |
| Trade debts | 44 | €8,944 | €10,907 | +€1,963 | +21.9% |
| Suppliers | 440/4 | €8,944 | €10,907 | +€1,963 | +21.9% |
| Taxes, remuneration and social security | 45 | €23,826 | €24,153 | +€327 | +1.4% |
| Taxes | 450/3 | €363 | - | -€363 | |
| Remuneration and social security | 454/9 | €23,464 | €24,153 | +€690 | +2.9% |
| Other amounts payable | 47/48 | €163,050 | €175,434 | +€12,384 | +7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €359 | - | -€359 | |
| Other operating charges | 640/8 | €83,427 | €70,647 | -€12,780 | -15.3% |
| Gross operating margin | 9900 | €71,125 | €72,663 | +€1,538 | +2.2% |
| Operating profit (loss) | 9901 | -€12,661 | €2,017 | +€14,678 | |
| Profit (loss) for the period before taxes | 9903 | -€12,661 | €2,017 | +€14,678 | |
| Profit (loss) for the period | 9904 | -€12,661 | €2,017 | +€14,678 | |
| Profit (loss) for the period to be appropriated | 9905 | -€12,661 | €2,017 | +€14,678 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.